by Michael Snyder
End of the American Dream
When I repeatedly warned that a large portion of the population was completely and utterly unprepared for any sort of a serious economic downturn, I was not exaggerating one bit. A survey that was taken last August found that 59 percent of Americans were living paycheck to paycheck at that time, and that wasn’t going to be a major problem as long as the paychecks kept rolling in. But now we have seen the biggest spike in unemployment in the history of our country, and millions of workers suddenly don’t have paychecks coming in anymore. In just a matter of weeks, economic desperation on a massive scale has erupted from coast to coast, and the stress that this is putting on food banks and other charities that work with the poor has been unprecedented.
Everyone has seen photos of the “bread lines” during the Great Depression of the 1930s, but in many instances the lines of vehicles that are lining up for free food here in 2020 are even longer.